Now Live: Bitcoin- and Tether – Margined FLOKI Listings

May 11, 2023

FLOKI, the self-nominated people’s cryptocurrency and the utility token of the Floki ecosystem, is now tradeable on BitMEX via two new listings – FLOKIUSD and FLOKIUSDT. FLOKIUSD Quanto Contract SpecsAs with all quanto contracts, the FLOKIUSD product has a fixed Bitcoin multiplier, regardless of the FLOKI/USD price. This allows traders to long or short the FLOKI/USD exchange rate without ever touching FLOKI or USD. Traders can post margin in XBT, and earn or lose in XBT as the FLOKI/USD rate changes. This allows users to gain exposure to the price of the FLOKI token and trade it with leverage, without needing to have FLOKI holdings.

The source of this news is from BitMEX